Saudi Indian Company for Cooperative Insurance (“SAUDI INDIAN”) was granted license to establish Joint Stock Co-operative insurance company in accordance with Royal Decree No.M/60 dated 18/09/1427H corresponding to 11/10/2006G, and Ministerial Resolution No.233 dated 16/09/1427H corresponding to 09/10/2006G. The Share Capital of the Company is SR.100,000,000 (Saudi Riyals One Hundred Million) consisting of 10(ten) million shares of equal value, the value of each of them being SR.10. Following completion of the Offering and the conclusion of the Constituent General Assembly, an applicaton will be submitted to the Ministry of Commerce and Industry requesting the announcement of the incorporation of the Company. The Company will be considered duly incorporated as a Joint-Stock Company from the date of issuance of the Resolution of the Minister of Commerce and Industry declaring its incorporation.

Vision
“TO EMERGE AS A LEADING INSURANCE PROVIDER IN THE KINGDOM OF SAUDI ARABIA AND BE OF SIGNIFICANCE TO THE SAUDI SOCIETY”

Mission
“To develop life and general Insurance business in the best interest of the Community by providing Financial Security to individuals, trade, commerce and all segments of the society at an affordable price, in the most professional manner, backed with International Competence and with focus on customer satisfaction thereby meeting the challenges of the emerging market and utilizing peoples’ money for peoples’ welfare.”